Highlights of TCJA for Year-end Tax Planning

CPAs & Advisors

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Are you maximizing your tax savings yet?

This tax filing season is the first under the Tax Cuts and Jobs Act (TCJA), a major overhaul of the tax code that went into effect at the beginning of 2018. While many changes took effect for the 2018 tax year, a few go into effect in 2019 including elimination of the individual mandate under the Affordable Care Act. The corporate changes are permanent, while the majority of the individual changes are set to expire at the end of 2025.

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